🚨 SOUTH KOREA OFFICIALLY "CALLS OUT" POLYMARKET TRADERS: WATCH OUT FOR "GETTING BURNED" WITH FINES! 🇰🇷💥
A glaring red flag with a total "warning" vibe, just like the prophetic image! The South Korean police have launched a nationwide investigation targeting local traders using the prediction platform Polymarket.
💡 Quick drama recap for you all:
+ The reason for getting burned: The laws in the Land of Morning Calm are super strict; citizens can only legally gamble through the state-licensed Sports Toto system. Playing on Polymarket can land you in hot water for illegal gambling.
+ The price to pay: Anyone found violating this gambling regulation could face fines of up to 10 million won (around 6,500 USD).
+ The last straw: Recently, following the local elections on June 3rd, people flocked to Polymarket to bet on the Seoul mayoral outcome with a staggering volume exceeding 52 million USD, catching the authorities' attention and prompting immediate action after receiving numerous complaints.
$BTC #SP500KeepsOriginalRulesBlockingSpaceX
A glaring red flag with a total "warning" vibe, just like the prophetic image! The South Korean police have launched a nationwide investigation targeting local traders using the prediction platform Polymarket.
💡 Quick drama recap for you all:
+ The reason for getting burned: The laws in the Land of Morning Calm are super strict; citizens can only legally gamble through the state-licensed Sports Toto system. Playing on Polymarket can land you in hot water for illegal gambling.
+ The price to pay: Anyone found violating this gambling regulation could face fines of up to 10 million won (around 6,500 USD).
+ The last straw: Recently, following the local elections on June 3rd, people flocked to Polymarket to bet on the Seoul mayoral outcome with a staggering volume exceeding 52 million USD, catching the authorities' attention and prompting immediate action after receiving numerous complaints.
$BTC #SP500KeepsOriginalRulesBlockingSpaceX